The annual tournament is held in memory of Vince's daughter, Skylar, who lost her life at the age of four to stomach cancer in August of 1995. The tournament has helped to raise over $500,000 for various charitable organizations since its inception. Proceeds from the winning bid and tournament go to The Lili Claire Foundation, which seeks to improve the lives of children living with Williams Syndrome, Down Syndrome, autism and other neurogenetic birth defects and to provide hope and resources for their families.

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